ESG Risk Assessment and Integration of ESG Factors into Supplier Selection

EGCO Group considers sustainability assessment results and ESG factors when selecting and screening suppliers to ensure suppliers can deliver raw materials and services that meet our company’s standards and expectations. In the process, potential suppliers complete a self-assessment questionnaire (SAQ) that covers the following topics:

Quality of products and services, innovation management

Good corporate governance, data leakage prevention, law compliancy

Environmental management system, environmental projects, environmental regulations violation prevention

Labor regulations and human rights compliance, equal treatment, personnel development

Occupational health and safety management system, accident prevention and reporting

Critical/ Significant suppliers with a sales volume exceeding 5 million THB and an SAQ score of over 50% can be registered into EGCO Group’s Approved Vendor List. On the other hand, those with a score below 50% are required to prepare a corrective action plan prior to being approved as EGCO Group’s supplier.